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With nearly 30 years of experience in the Pebble Beach and Carmel markets, the Canning team knows the market- both the openly listed and discreetly available inventory, Together with their associates they are uniquely qualified to offer the highest level of professionalism and service on the Monterey Peninsula.

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Mike Canning

831.596.1171

Jessica Canning

831.238.5535

Nic Canning

831.241.4458

Ellen Krausse

831.204.2204

Natalie Pitschke

831.521.7363

Brian Keck

831.238.8730

© 2019 Canning Properties Group of Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s Intentional Realty, Inc.

 

SIR DRE License Number: 899496, Mike Canning DRE#01004964, Jessica Canning DRE#01920034, Nic Canning DRE#01959355, Ellen Krausse DRE#02046046, Natalie Pitschke DRE# 02041776, and Brian Keck DRE#02070480.

Another Strong Week for Pebble

Updated: Mar 7, 2019


Photo by Vital Sinkevich on Unsplash

Pebble had a strong week while Carmel slowed with only one new sale this week. If you are in town this weekend stop by our open house at Casanova 2SW of 13th- a charming fixer close to town and the beach. As always, highlights from the week below.


Pebble Beach had 6 closed escrows and 4 new sales this week. The top closed escrow came from Riata Road, an estate that has been on and off the market since 2016, closed at $8.77M (11% off list price). The other closed escrows included an estate on a corner lot near the Lodge that closed at $3.35M (1% off list price), a home on Broncho Road along the 1st fairway at MPCC Shore Course that closed at $3.2M (12% off list price), a modern ocean view home in Country Club east that closed at $1.6M (6% off list price), a home in Upper Forest with ocean views that closed at $1.5M (8% off list price), and a single story home in Central Pebble that closed at $1.145M (4% off list price). The top new sale was a contemporary with huge ocean views on Riata Road and had been on the market over a year- listed at $5.96M. The other new sales were an English Tudor home in Country Club East listed at $1.699M, a fixer in Upper Forest listed at $1.095M, and a Mid-century fixer with views in the Upper Forest listed at $895K


Carmel had a slower week with 4 closed escrows and only 1 new sale. The top closed escrow was a large Craftsman in Southeast Carmel that closed at $3.55M (6% off list price) after only a week on the market. The other closed escrows included two lots totaling 1.25 acres which included a turnkey remodel in Hatton Fields that closed at $2.5M (35% off list price), a renovated cottage in Northeast Carmel that closed at $1.585M (1% off list price) and a fixer on Carmel Point with a guest house sold at full ask of $1.495M. The lone sale this week came from Northwest Carmel- a Tuscan Style cottage listed at $2.175M.


The Highlands had a good week with 3 closed escrows. The top closed escrow was a Contemporary on Cuesta way just steps to the beach that closed at $3.7M (10% off list price). The other two closed escrows included a contemporary with ocean views on the west side of the highway that closed at $1.9M (4% off list price) and a bright contemporary on the East side of the highway that sold for 5K over ask after just 2 days on the active market.


Quail’s one sale this week was a remodeled home on the golf course listed at $1.795M. Quail Lodge continues to be a hot market with all active listings going into escrow in less than a week.


No news to report in the Preserve or Quail Meadows market.



Pebble Beach
  • CLOSED ESCROW: 1451 Riata Road, Sale Price: $8.77M (11% off list price), DOM=0

  • CLOSED ESCROW: 1418 Cantera Court, Sale Price: $3.25M (1% off list price), DOM=5

  • CLOSED ESCROW: 1025 Broncho Road, Sale Price: $3.2M (12% off list price)

  • CLOSED ESCROW: 3057 Forest Way, Sale Price: $1.6M (6% off list price), DOM=27

  • CLOSED ESCROW: 4163 Sunset Lane, Sale Price: $1.15M (8% off list price), DOM=28

  • CLOSED ESCROW: 4036 El Bosque Drive, Sale Price: $1.145M (4% off list price), DOM=59

  • NEW SALE: 1445 Riata Road, List Price: $5.95M, DOM=389

  • NEW SALE: 2925 Madrone Lane, List Price: $1.699M, DOM=21

  • NEW SALE: 4096 Crest Road, List Price: $1.095M, DOM=26

  • NEW SALE: 4119 Crest Road, List Price $895K, DOM=12

Carmel
  • CLOSED ESCROW: Santa Rita 6 SW of Ocean Street, Sale Price $3.55M (6% off list price), DOM=7

  • CLOSED ESCROW: 3292-3306 Martin Road, Sale Price $2.5M (35% off list price), DOM=235

  • CLOSED ESCROW: Lobos 2NE of 4th, Sale Price $1.585M (1% off list price), DOM=67

  • CLOSED ESCROW: 26233 Camino Real, Sale Price $1.495M (Sold at full price), DOM=20

  • NEW SALE: NW Corner San Carlos & 1st, List Price $2.175M, DOM=89

Carmel Highlands
  • CLOSED ESCROW: Cuesta Way, Sale Price $3.7M (10% off list price), DOM=39

  • CLOSED ESCROW: 174 Carmel Riviera Drive, Sale Price $1.9M (4% off list price), DOM=96

  • CLOSED ESCROW: 17 Mentone Road, Sale Price $1.495M (5K over ask), DOM=2

Quail Lodge/ Preserve
  • NEW SALE: 8016 River Place, List Price $1.795M, DOM=7





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